Financial services software provider GBST has renewed its 12-year agreement with Asian brokerage and investment group CLSA.
GBST and CLSA have entered into the second phase of a 12-year agreement which will see CLSA replace its legacy systems with the firm’s global capital markets platform, GBST Syn~.
GBST capital markets chief executive Denis Orrock said: “CLSA acknowledges the strength of our relationship with this extension of our global contract.
“It will be an exciting evolution as our scalable technologies continue to enable innovation and growth for bottom line benefits CLSA’s global operations,” he said.
CLSA first implemented the GBST Syn~ platform in 2008 to consolidate its existing middle- and back-office operations. The firm currently uses the platform for post-trade processing at its global operations centre in Singapore and London.
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